Required Information E10-14 (Algo) (Supplement 10A) Recording the Effects of a Discount Bond Issue and First Interest Payment and Preparing a Discount Amortizatlon Schedule (Stralght-LIne Amortization) [LO 10-S1] [The following information applles to the questions displayed below] On January 1, when the market interest rate was 10 percent, Seton Corporation completed a $210,000. 9 percent bond issue for $197,088. The bonds pay interest each December 31 and mature in 10 years. Seton amortizes the bond discount using the straight-ilne method. E10-14 (Algo) Part 1 and 2 Required: 1. \& 2. Prepare the required journal entries to record the bond issuance and the first interest payment on December 31. (If no entry Is required for a transaction/event, select "No Journal Entry Required" in the first account fleld. Round your onswers to the nearest whole dollar.)